Rate of Change in value of item (find linear equation)

[Bladesofhalo]

The problem states:
"You are given the dollar value of an item in 1996 and the rate at which the value of the item is expected to change during the next 5 years. Use this information to write a linear equation that gives the dollar value of the item in terms of the year t. (Let t = 6 represent 1996).

1996 value = $245,000
Rate = $5600 decrease per year

How would I proceed with this problem.

 

[Deleted member 4993]

Re: Rate of Change

The problem states:
"You are given the dollar value of an item in 1996 and the rate at which the value of the item is expected to change during the next 5 years. Use this information to write a linear equation that gives the dollar value of the item in terms of the year t. (Let t = 6 represent 1996).

1996 value = $245,000
Rate = $5600 decrease per year

How would I proceed with this problem.

If you plotted these points on a graph - what would be the equation of the line?

What would be the value (or physical significance) of the slope?